XAUUSD: 4,520$ reclaimed, 4,640$ nextGoldOANDA:XAUUSDZamagorThe bearish scenario has been invalidated in the short term by the price’s return above $4,520. This rebound shows that selling pressure failed to sustain the decline, and that a technical rebound is now underway. In this context, $4,520 becomes a level to watch as intraday support, while $4,640 remains the key resistance level to reclaim to confirm a more solid recovery. As long as the price trades between these two levels, the market remains in a phase of indecision where the reaction at support matters more than the immediate direction. The main idea is simple: after a bearish invalidation, the market must now prove its ability to build a base. A clean recovery above $4,640 would restore credibility to the bullish scenario, while a rejection below this zone would keep the structure fragile.